Korean OEM Suppliers: International Business Management Strategy

College
Essay
Miscellaneous
Pages 4 (1004 words)
Download 0
The international markets for the OEM suppliers have gone through tremendous changes in recent past, especially for the suppliers from the developing economies like Korea, China and others. The suppliers from the countries like Korea have small local market…

Introduction

This study aims to identify the factors responsible for the success of the successful organization in the global market place with a special focus to the leadership and the strategies adopted in order to bring changes in the organization culture and structure.
There are various sociological, technological, environmental, political legal and economical factors which influence the way any firm operates within any market place. The extent of variations in these factors, from one market to another, determines the strategic moves being planned by the company. For being globally competitive a studied research of all these factors helps in establishing a sustainable business. Organizational structure, leadership and work-culture forms very much a part of the 'internal environmental factors' affecting the functioning of an organization. In the context of Korean companies, Kang (1996) states "Although the organizational structure is centralized and its functions formalized, individual jobs are not formally structured in Korean business firms. Korean firms usually do not have job descriptions or job specifications, and job tasks and work responsibilities of individual employees are largely determined by the supervisor as the jobs are performed." Organization structure and culture have important role in the success of any organization. ...
Download paper
Not exactly what you need?

Related papers

International Business Management
As every thing is changing in the present situation, the strategies regarding marketing in business also are changing rapidly. Continuity can be observed in that change. The unpredictable shift of the power due to the expansions in the economies raised need of the new management practices that can use the advances in the communications technology. This transformed the speed with which information…
International business management and strategy
The car industry is buoyant. Recent data from Centro Studi Promotor (CSP) notes that the sale of new cars in Italy in 2005 totaled 2,234,174.This reflects the general buoyancy considering the increased gasoline prices, the weak economic situation and the fiscal burden on car ownership. This is the ninth consecutive year that new car sales in Italy have exceeded 2,230,000 which proves that the…
International Business Strategy of Zara
Inditex SA, the holding company, clocked revenues of $8.5 billion in 2007, of which Zara contributed 66 percent (fibre2fashion). The expansion strategy positively contributed to the increase of Inditex's share value.…
International Expansion into an emerging market
Formulation of strategy is sometimes defined as establishing, a proper firm environment fit. The business environment (external) has broadly two components viz, business opportunities and threats to business. The external forces (Macro) are generally; more uncontrollable than the micro forces (internal) when the macro environment is uncontrollable, the success of a company/ organization depends on…
Walden International, Inc. Business Strategy
Thus, the goal of this paper is to identify and recommend specific measures on how the proposed transition in ownership can be best managed with the interest of both parties in mind. This paper will primarily answer the biggest issues that Walden and Able faces which includes their different strategies and success metrics.…
Korean OEM Suppliers: International Business Management Strategy
This study aims to identify the factors responsible for the success of the successful organization in the global market place with a special focus to the leadership and the strategies adopted in order to bring changes in the organization culture and structure.…
Strategy and International Business
Each style is different in its approach, can offer different advantages to the corporation, but has different strengths and weaknesses.…